In getting started, you need to call on your financial genius, the financial genius that is within lying asleep waiting to be called upon. We believe in our culture that the love of money is the root of all evil. Where as we learn a profession to work for money, then we get a job with the government or a company who would take care of us when we stop working. However this cycle goes on like this, our children pay for our bills when we retire. Most people follow this trend of life, Robert believes that in other to make a difference, he had 10 steps to awaken your financial genius. Robert’s first step to awakening your financial genius is ‘a need to reason greater than reality’ he said most people would like to be rich but the road to being rich seems too long with too many hills to climb. But a reason for wanting to be rich is a combination of deep emotional ‘wants’ and ‘don’t wants’. His list of don’t want create the wants and he said not wanting to work all his life, not wanting what his parents aspired for, which was job security and a house in the suburbs, also he doesn’t like being an employee, he hated that his dad always missed his football games because he was so working on his career and later the government took most of what he had worked for at his death. The rich don’t do all of the above, they work hard and pass it on to their children. Robert’s wants are, he wanted to be free to travel and live in the lifestyle he loves, to be the controller of his own life and money working for him. Along the line he had lost money and been set back many times, but it was the deep emotional reasons that kept him standing up and going forward. It wasn’t easy, but it wasn’t hard either. But without a strong reason or purpose, anything in life is hard. Secondly, he choose the power to choose, he had to choose to be rich a long time ago, so all he needed to do was learn to acquire assets, real estates. In reality the only real asset you...

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...SUMMARY
Robert Kiyosaki, author and narrator of the book shared his story about him having two fathers. The first one was his biological father whom he called as the “POORDAD” and the other was his best friend’s father whom he called as the “RICHDAD”. His two fathers taught him how to be successful in life but with different methods and attitudes. While reading the book, it became to apparent which of the author’s two father’s turned out to be more effective when it comes to financial success. The author made a fair comparison between his richdad and poordad principles, ideas, financial practices, enthusiasm and how his real dad struggled but highly educated person receded against his best friend’s father in terms of financial achievements.
The author compared his real dad to those people who were running in the “Rat Race”, a race where helpless people trapped in a nasty cycle of needing more money but unable to satisfy their wants, needs and dreams for wealth because of lack in financial knowledge or what the author termed as financial literacy. People spent so much time in school learning about the real world but acquired nothing important about money for it was never taught in school. While his richdad, signifies the independent wealthy core of society who deliberately took the...

...uncertainty:
1. Rich Don’t Work For Money
Most of the college graduate students today are dreaming to be an employee-nurse, doctor, teacher, bookkeeper, accountant, etc. Only few assume to have their any kind of business. They choose to be a permanent employee than to be an employer. They study more or less than 15 years of their life to have a secure job with high paying salary and benefits on retirement. They will quit on jobs paying low cost and find for another in which higher pay don’t solve financial problems. Thus, they quit because of having fear of not paying their bills. On the other hand, fear also keeps people working at the job, the fear of being fired, the fear of not having enough money, the fear of starting over. That's the price of studying to learn a profession or trade, and then working for money so that most people become a slave to money.
2. Why Teach Financial Literacy
Having a financial intelligence leads to be rich because you know how to manage your money and where will you put it first. And in contrast, thinking also leads you to be poor. Ignorance causes poverty. Like for example, many people that such money is the solution in their poverty but the real problem-solver is the mind, the intelligence, knowledge in holding money and buying assets not liabilities. Buying more assets than liabilities leads to high income because of the profit you get on your asset which also covers...

...﻿ REACTION PAPER
IN FINANCE
Fatima May Del Monte
BSTM III
This story about RichDad, PoorDad it inspires a lot of people who already read this book. It gives us motivation in life. We all know everyone has a purpose in life. Educational attainment is important to have a successful life in the future. Treasure your knowledge about the things you’ve learned. Make some experienced like working in a company and pay yourself and buy a reward for you. By sharing your knowledge to everyone that you talked to has a chance to have more ideas in what you do. Be dedicated about your work; it is important to get involved in some investment, business ventures to have a secure and comfortable life. Used your skills about how to hold your finances right. “Rich does not work for money” they’ve work for keeping safe and the willingness to learn something new. They classify the standard of living, the powers that influenced many people and the money that controls all the necessities in the world. In the ‘Rat Race’ game in the monopoly board it shows how the player needs information to invest in a good deal to win the game and how you spent your money wisely. He never exits because he keeps going around, always returning to the same place where he was before. Once we find ways to make more money working more to pay for our expenses, we find new ways to spend our money, which in turn gets us into more...

...﻿Lessons from “RichDad, PoorDad” by Robert Kiyosaki
Being rich in the near future is everybody’s dream. Our notion of being rich is having all the money to buy all our wants and needs without exerting much effort. As a child, we are sent to school for which the primary reason is to learn, so that in the future, we would obtain stable jobs. It is with this same reason that the author of the book emphasized why a lot never get rich. Through this reading, I gained a lot of insights which will help us start up as we live in the real world, where money is central.
The book contrasted ideas between two fathers, the rich and the poor. It is apparently seen that the richdad is creative, while the poordad is practical. The richdad lets the children think and learn from their experience, and the poordad teaches his child to learn based from the norms of society. With this, I learned the first lesson: we should all think smart. We should learn to escape from the norms of society because it flows one way. If we want to become rich, we should all think smart, and learn to choose from different paths. I also learned from this part that life pushes us around just as the kid demanded for the price pay. The lesson is...

...﻿ "RichDad, PoorDad"
(Robert Kiyosaki, Sharon L. Lechter)
Short summary of the book
Prove to you that in order to get rich, all do not need to earn a lot;
Dissuade you of the fact that the house is a successful investment;
Parents will understand that we cannot rely solely on the school;
Explain once and for all, where better to invest;
We will help you teach your children to properly handle money and to achieve material well-being in the future.
Six lessons:
The rich do not work for money;
Why is financial literacy?
Start your business;
How the taxes and what did is the benefit of corporations;
The rich invent money; Work not for money but for the experience.
Introduction
A critical review of the book "RichDad, PoorDad" What the rich teach their children and parents do not teach the poor book by Robert Kiyosaki, Sharon L. Lechter. From this book i just want to point out that the subject of financial and investment culture is very capacious. All aspects of the topic covered in this article unfortunately does not succeed. What is clear is that this book is worth reading, as the noble goals set by the authors instill investment culture of parents and their children. It is recommended to...

...RichDad, PoorDadRobert Kiyosaki and Sharon Lechter
This book was written about a man who had “two fathers” ' one who had a Ph.D and the other who barely finished 8th grade. One of the fathers was actually his friend’s father, but someone who the author looked up to and appreciated very much. The other father was his own ' who he also looked up to and appreciated, but who did not teach him much about money or finance.
The first lesson of this book is: the rich don’t work for money. It starts with two young boys (the author and a friend) who decide to go into a partnership together to make money. After their first try at making lead nickels was unsuccessful, they decided to get advice from “the richdad”. When they met with him, the richdad told them he would pay them 10 cents an hour to work for him. So, instead of going to play baseball, the two boys decided to stay and work. After working for that low wage for a few weeks, the author was ready to quit. However, after a talk with “richdad” the author learned this ' the poor and middle class work for money; the rich have money work for them”.
It is easy to fall into the idea of “job security”, but it should be more exciting to search for something with a little more risk that offers more chances for...

...In the book RichDadPoorDad by Robert T. Kiyosaki with Sharon L. Lechter the author who is also the narrator talks about how to educate yourself and your kids about money and how to control your money instead of letting it control you. The author grew up in Hawaii in a middle class family but had the chance to learn about money from his rich friend, Mike whose father in the book is referred to as hisrichdad. The lessons concentrate on six major points of view that his richdad taught him. He also compares and contrasts the advice he got from both of his fathers. His poordad (who is his biological father) was a very educated man but he didn’t know how to make, use and invest his money. He concentrated more on the stability of money and thought that vacations, health insurance and working for a good company is very important. In the book the author says that his richdad told him “Study hard so you can find a good company to work for.” Unlike what his richdad taught him which was “Study hard so you can find a good company to buy.” His rich father only finished 8th grade and did not continue with school but had a lot of street smarts. The author had a hard time picking which dads advise to listen to and at the end he...